BlackRock Muni Income Investment Trust (BBF) to Issue Monthly Dividend of $0.05 on November 1st
BlackRock Muni Income Investment Trust (NYSE:BBF) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.054 per share on Friday, November 1st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Friday, October 11th.
BlackRock Muni Income Investment Trust has decreased its dividend payment by an average of 1.6% annually over the last three years.
Shares of BBF stock traded up $0.08 during trading hours on Thursday, reaching $14.34. 3,414 shares of the company’s stock were exchanged, compared to its average volume of 20,553. BlackRock Muni Income Investment Trust has a fifty-two week low of $11.80 and a fifty-two week high of $14.67. The business has a fifty day moving average price of $13.99 and a 200-day moving average price of $13.98.
BlackRock Municipal Income Investment Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund primarily invests in investment grade municipal bonds exempt from federal income taxes.
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